702 Coral Trace Blvd Edgewater, FL 32132
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About this home
One or more photo(s) has been virtually staged. Welcome Home to 702 Coral Trace Blvd! This beautifully updated 3-bedroom, 2-bath, 1,898 sq. ft. home in the desirable gated community of Coral Trace is move-in ready and packed with upgrades. Conveniently located near I-95, the Indian River, and the pristine sandy beaches of New Smyrna Beach, this property offers both comfort and convenience. Step inside to find a freshly painted interior with tile flooring in all wet areas for easy care. Every window and sliding doors enhanced with Bermuda Shutters for that clean upscale look. The kitchen shines with stunning quartz countertops a lovely classy backsplash and newer stainless steel appliances, making it the perfect space to cook and gather. The split-bedroom floor plan features a spacious master suite with dual sinks, a relaxing whirlpool jacuzzi tub, and a separate shower. Indoor laundry adds ease to your daily routine, while the generous expanded lanai overlooks a fully fenced backyard—ideal for entertaining, relaxing, or letting pets play freely. Peace of mind comes with a new roof being installed, plus an HVAC system replaced in 2019, ensuring years of worry-free living. As a resident of Coral Trace, you’ll also enjoy access to a clubhouse and sparkling swimming pool, perfect for soaking up the Florida lifestyle. With its prime location, upgrades, and resort-style amenities, this home truly has it all—schedule your showing today and discover everything 702 Coral Trace Blvd. has to offer! Please note the home may be under video and audio surveillance.
Source: STELLAR #V4945041
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FAQs
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.